September 28, 2011
Obama Does 'Rich Man, Poor Man'
On September 25, addressing a DNC event in San Jose, California, the president recited a litany of liberal values dear to his heart: everything from increased spending on education to further subsidies for clean energy. But the main thrust of his remarks, his "particular vision of what America should be," centered on what he called "the values of shared prosperity." It is a "big, generous, optimistic" America that Obama says he represents. Who can argue with that? That vision of America, the ideal of opportunity and hope, sounds inspiring until one considers what really Obama has in mind. Shared prosperity, as it turns out, does not mean greater prosperity for all. It means less for those who have worked hard, applied their talents, and saved, and more government benefits for those who have failed to apply themselves and have spent all that they have earned. It means that wealth will be taken by way of higher taxes from those who have sacrificed the...(Read Full Article)